Compensation mix is measured by two variables. First, we measure the fraction of total annual CEO compensation that is comprised of performance plans, stock options and re- stricted stock grants Long Term Mi)." Second, we measure the fraction of total annual CEO compensation that is comprised of performance plans and annual bonus Account- ing Mix). Data for compensation mix are obtained from Equilar. The average firm pays slightly more than half of total CEO pay in the form of long term incentive payments, and about 16 percent in the form of accounting based incentive payments.